Y Intercept Hong Kong Ltd Has $1.18 Million Position in Newmark Group, Inc. $NMRK

Y Intercept Hong Kong Ltd raised its position in shares of Newmark Group, Inc. (NASDAQ:NMRK) by 288.9% in the second quarter, according to its most recent filing with the SEC. The firm owned 97,048 shares of the company’s stock after purchasing an additional 72,096 shares during the quarter. Y Intercept Hong Kong Ltd owned approximately 0.05% of Newmark Group worth $1,179,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. BI Asset Management Fondsmaeglerselskab A S acquired a new stake in Newmark Group during the 1st quarter valued at approximately $47,000. KBC Group NV bought a new position in shares of Newmark Group in the 1st quarter worth $78,000. CWM LLC lifted its holdings in shares of Newmark Group by 63.8% in the 1st quarter. CWM LLC now owns 7,693 shares of the company’s stock worth $94,000 after purchasing an additional 2,996 shares in the last quarter. Xponance Inc. bought a new position in shares of Newmark Group in the 1st quarter worth $122,000. Finally, World Investment Advisors bought a new position in Newmark Group during the 1st quarter valued at $131,000. Institutional investors and hedge funds own 58.42% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on NMRK. Piper Sandler raised their price objective on Newmark Group from $16.00 to $19.00 and gave the company an “overweight” rating in a research note on Monday, August 4th. Keefe, Bruyette & Woods lifted their price objective on Newmark Group from $18.00 to $21.00 and gave the stock an “outperform” rating in a report on Thursday, October 9th. Weiss Ratings restated a “hold (c)” rating on shares of Newmark Group in a research note on Wednesday, October 8th. Citizens Jmp began coverage on Newmark Group in a research note on Monday, July 21st. They issued a “strong-buy” rating and a $17.00 target price for the company. Finally, Wall Street Zen upgraded Newmark Group from a “hold” rating to a “buy” rating in a research report on Saturday, July 26th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $17.83.

Newmark Group Price Performance

Shares of Newmark Group stock opened at $17.52 on Tuesday. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.39 and a quick ratio of 0.39. Newmark Group, Inc. has a one year low of $9.65 and a one year high of $19.83. The stock has a market capitalization of $3.10 billion, a P/E ratio of 30.74 and a beta of 2.13. The business’s 50 day simple moving average is $18.46 and its two-hundred day simple moving average is $14.73.

Newmark Group (NASDAQ:NMRK) last posted its earnings results on Thursday, October 30th. The company reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.41 by $0.01. Newmark Group had a return on equity of 24.04% and a net margin of 3.26%.The firm had revenue of $863.46 million for the quarter, compared to analysts’ expectations of $767.12 million. During the same period in the previous year, the firm earned $0.33 earnings per share. The business’s revenue was up 25.9% compared to the same quarter last year. Newmark Group has set its FY 2025 guidance at 1.530-1.630 EPS. Analysts forecast that Newmark Group, Inc. will post 1.45 EPS for the current year.

Newmark Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 2nd. Investors of record on Monday, November 17th will be paid a $0.03 dividend. This represents a $0.12 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend is Monday, November 17th. Newmark Group’s dividend payout ratio is presently 21.05%.

About Newmark Group

Newmark Group, Inc provides commercial real estate services in the United States, the United Kingdom, and internationally. The company offers capital markets consisting of investment sales and commercial mortgage brokerage; landlord or agency representation leasing; valuation and advisory; property management; commercial real estate technology platform and capabilities; the United Kingdom business rates services; due diligence, consulting, and other advisory services; GSEs and the Federal Housing Administration lending services comprising multifamily lending and loan servicing; asset management; and flexible workspace solutions for owners.